The most recent cryptocurrency company to file for bankruptcy is BlockFi, which followed the collapse of Sam Bankman-crypto Fried’s empire. Another business infected by the FTX virus The FTX virus has recently claimed another cryptocurrency company. BlockFi will reportedly file for Chapter 11 bankruptcy protection later today, according to a crypto news source. According to […]
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Sui Blockchain Partners with Web3 Infras...
Ankr is now an RPC provider on the Sui blockchain. According to Ankr’s Head of Product Josh Neuroth, the web3 infrastructure project, which serves dozens of proof-of-stake chains with its node delivery system and RPC aggregator, will “create a building environment that is intuitive and easy to use, so new developers and projects can start […]
According to WSJ, Genesis sought $1 bill
A request for funding was never granted to the company. Genesis, a crypto lending firm, reportedly asked investors for an emergency loan of $1 billion this week before suspending redemptions. According to the fundraising document, Genesis needed access to the credit facility by 10 a.m. Monday due to illiquid assets on its balance sheet. However, […]
Behind Voyager’s Fall: Crypto Dealer Act
In an industry where counterparties are deeply bound together by a weave of debt and purchase, dominoes can drop fast and hard. At its height, Voyager Digital boasted 3.5 million users and $5.9 billion in assets, comparable to a small regional bank or respectable wealth management firm. Ninety-seven percent of Voyager’s customer stored less than $10,000 on the […]
Crypto Excavator Face Margin Calls, Biki...
Private and publicly listed crypto miners owe up to $4 billion in account used to finance the construction of enormous space across North America. Margin calls are coming for cryptocurrency diggers as the bear market continues to assert victims. The private and publicly listed crypto miners have racked up tally anywhere to finance the construction […]
Aspen inlet cybernated launches its firs...
A 6MW high-performance computing center (HPCC) detect near a 10MW solar plant went live in western Colorado, the company report. The launch of the new defendable facility demonstrates Aspen Creek Digital’s dedication to the goal of becoming the world’s leading renewable Bitcoin crypto mining operative. The Colorado data center hosts wholly-owned S19 age group miners. The provision […]